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WATCH: Finance Minister Mthuli Ncube Speaks On Multi-currency, Exchange Rate, Workers' Salaries

WATCH: Finance Minister Mthuli Ncube Speaks On Multi-currency, Exchange Rate, Workers' Salaries

Finance and Economic Development Minister, Professor Mthuli Ncube has said the multi-currency system is here to stay while the interbank exchange rate will continue to be fine-tuned. He made the remarks at a press conference held in Harare at the backdrop of rising inflation and workers’ protests over poor salaries and working conditions. 

Some of the points mentioned:

1). Fuel – the minister said the government has reduced levies on fuel to prevent the price of fuel from breaching the US$2 per litre mark

2). Health sector remuneration – Ncube said a number of allowances, including on-call, COVID-19, have been reviewed upwards to improve their welfare.

3). For teachers – on top of a 100% increase in salary from July, performance awards have been restored effective July, payment of school fees for 3 biological children -treasury ready to disburse amount for the first term.

4). Fuel, maize and bread prices – interventions were unveiled to stabilise prices. 

Watch the video below for more:

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26 Comments

dispenser 1 month ago

Hapana Hapana


Jimmy mapross 1 month ago

To hell with these cold blooded thugs so called politicians

Vote ccc


Finish 1 month ago

Sibadala sinje akulanto akhulumileyo lowo, just a matter of words and numbers but solution dololo


Earth 1 month ago

Ko iripiko coverage


EMPTY PROMISES 1 month ago

🥨


Chawabvunza 1 month ago

We thank the minister for a job well done in trying to help our nation


Chawabvunza 1 month ago

Kasi iwe yakakudzvanya

Jimmy mapross 1 month ago

Nhamo haisat yanyatsokukwapaidza

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Mudhuri Nube 1 month ago

Ndavhagwa neEconomics dzaunotaura. Repeat hapana chandahwa baaa. What is he saying


Gazete 1 month ago

Nothing much changed , shows the minister its just self centered and does not cater for the welfare of its citizens, why not increase workers salaries by partly paying them USD and another portion in RTGS, becoz the salary increaments would be eroded by inflation caused by currency depreciation also caused by the black market and the so called auction rate system


Chawabvunza 1 month ago

I wish to thank Muzvinafundo wemari, Muthuli Ncube, for giving us a brief in changes in salaries and allowances. But is it now government policy of only dealing with salaries and allowances of those workers who will have striked ? In this case you only talked about nurses and teachers who were on work stoppages last week. I understood you, Muzvinafundo wemari, when you said you will continue with partly us$ salaries and allowances and the rest salaries in rtgs. May I remind you Muzvinafundo wemari Muthuli Ncube, that 100% of nothing is nothing.

100% OF NOTHING IS NOTHING.

NGAAPINDE HAKE CHAMISA [NHC]

[VOTE CCC FOR REAL CHANGE].


Havin' 1 month ago

apa takamira apa


Jah🇿🇼Tsvatie-07 1 month ago

Industry also need to be directed to pay half salary in USD to @ least pay rent and rates Mthuli...


Mezhumezhu 1 month ago

Ndiwo ma mezhazi acho here awo.kikikikiki


chipo 1 month ago

multiple.urrency ngairambe iripo.
.America ikati.aichada.he.currency yayo what.happens


Tkt 1 month ago

@chipo.... Pliz take NOTE my c* that Multi currency does not mean the US dollar only, it means MULTI even Russian 🇷🇺 rouble, 🇨🇳 Yuan, the Japanese, 🇰🇷 and any other Currency on the Global Market


chipo 1 month ago

but in.africa hapana nyika isina their own money...ma salary ngaakwire, something is bound to happen to harness these trends i strongly believe in God's intervention.....i am at peace!!!!! nothing goes on forever...zvinemagumo azvo.


HeIsAFailure 1 month ago

Shame


Mmmm 1 month ago

Their solutions have a habit of making the problems worse.
Time will tell.


Pragmatist 1 month ago

Its funny you hear comments of someone believing in the 'economic saboteurs' theory so would you for a moment unbiasedly reason that there are opposites of 'economic saboteurs' who would want to offer their services or goods at a profit margin of maybe 0.07-10% and attarct plenty of customers, they are many such willing to do so but it's not sustainable in economics
don't listen to these voodoo economic conspiracy theories


Wekunyanya 1 month ago

Kana pane anoonawo Mthuli ncube ka PAYE yatikuvadza guyz...tikurohwa ma 40k towana take home ye 35 haaaa imh ata mudhara uyu


Msuri Nyube 1 month ago

Guys am experimenting with you. ini handitozivi chinonzi nhamo. ndiri kushamiswa nemi kuti muri kumboti chii chaizvo. Mari hatigoni kukupai. ma civil servants muri kuzvibhadhara mega pamari yenyu yatinobhena kwaTagwi since 2018. ko ndiniwo ndadii.



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